Share Market HIGHLIGHTS: Nifty50 down 10 pts at 19,802, Sensex holds 66,000 as D-Street halts two-day winning run

Written By: ZeeBiz WebTeam Updated on: November 23, 2023, 04.12 PM IST

Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finished a choppy session barely changed on Thursday, November 23, as losses in IT stocks such as Infosys and TCS offset gains in financial and auto heavyweights such as HDFC Bank, Bajaj Auto, Hero MotoCorp and SBI. Catch all the highlights of the November 23 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.coms blog.

Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex finished a session full of see-saw moves barely changed on Thursday, November 23, taking mixed cues amid thin holiday trade across global markets. Selling pressure in IT stocks, such as Tata Consultancy Services (TCS) and Infosys, offset buying interest in financial and auto counters, such as HDFC Bank, Bajaj Auto and Hero MotoCorp. 

Catch all the highlights of the November 23 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stock recommendations, and much more only on Zeebiz.com's blog: 

Latest Updates

  • Thank you! That's all today on Zeebiz.com's blog on the November 23 session on Dalal Street

    For all other news related to business, politics, tech, sports and auto, follow us on TwitterFacebookLinkedIn and Instagram

  • Closing Bell | Nifty50 down 10 pts at 19,802, Sensex holds 66,000 as D-Street halts two-day winning run

    Both headline indices finish the day largely unchanged, with the Sensex declining 5.4 points to 66,017.8 and the Nifty50 giving up 9.9 points to settle at 19,802 for the day. 

    COMMERCIAL BREAK
    SCROLL TO CONTINUE READING

    Here's how the gauges moved during the course of the day: 

    Nifty50

    Sensex

    Images: BSEIndia.com, NSEIndia.com

  • Share Market Today LIVE | Tata Technologies IPO subscribed 12.15 on Day 2 so far; check out subscription status, lot size, price band

    On Thursday (Day 2), Tata Technologies' share sale received bids for 54,71,33,250 shares against 4,50,29,207 shares on offer. Overall, the public issue has been subscribed 12.15 times on the second day of the bidding process.

    Category Subscription (No. of times the equity reserved)
    Qualified institutional buyers  6.87
    Non-institutional investors 24.15
    Retail investors 9.62
    Overall 12.15
    Source: Exchange data
     

    Click here to read more 

  • Share Market Today LIVE | Gandhar Oil Refinery IPO subscribed 11.53 times on Day 2 so far

    Gandhar Oil Refinery's share sale has received bids for 24,48,56,656 shares against 2,12,43,940 shares on offer. Overall, the public issue has been subscribed 11.53 times in the bidding process on Day 2 so far.

    Gandhar Oil Refinery subscription status

    Category Subscription (No. of times the equity reserved)
    Qualified institutional buyers  1.52
    Non-institutional investors 19.19
    Retail investors 13.77
    Overall 11.53
    Source: Exchange data
     

    Click here to read more 

  • Share Market Today LIVE | HDFC Securities initiates buy on this apparel stock; did you invest in its IPO?

    The calendar year 2023 has turned out to be a phenomenal year for initial public offerings (IPOs) in India after a volatile 2022, given improving market conditions. A host of companies from diverse sectors launched their public issues to raise money. Moreover, many others are in the pipeline to go public.

    After a bull run in 2021, 2022 brought volatility due to high inflation, rising interest rates, and geopolitical tensions. As a result, many companies scrapped their IPO plans, citing unfavourable market conditions. However, in 2023, the total number of IPO listings has risen sharply and reached the highest level in the past five years, according to Trendlyne. Read more

  • Share Market Today LIVE | Nifty IT slips below 32,500, trades nearly 100 pts lower

    Source: NSE

  • Share Market Today LIVE | Nifty Bank trades nearly 100 pts

    Source: NSE

  • Tata Technologies IPO LIVE | Issue subscribed 8.4 times so far on Day 2; retail portion booked 7.2 times, NII 15.5 times

    The IPO has received bids for a total of 37.6 crore Tata Technologies shares as against the 4.5 crore shares on offer, according to provisional exchange data. Here's how various types of investors have responded to the issue so far:

    Investor category Subscription (No. of times the shares on offer)
    Qualified institutional buyers (QIBs) 4.1
    Non-institutional investors (NIIs) 15.5
    Retail 7.2
    Employees 1.6
    Shareholders 12.1
    Overall 8.4

    Click here to read more on Tata Technologies IPO 

  • Share Market Today LIVE: Nifty, Sensex turn flat;  Cipla slides 6%, Hero MotoCorp up 4%

  • Share Market Today LIVE | TVS Motor skyrockets to new all-time high as firm expands global footprint 

    Shares of two-wheeler major TVS Motor Company in Thursday's trade (November 23) rally as much as 2.63 per cent to mark their new all-time high of Rs 1,784 on the BSE. The rally triggers after the company forayed into Vietnam.
     
    In a press release late on Wednesday, the company said it has entered the Vietnamese market in collaboration with Minh Long Motor, its distribution partner. TVS Motor Company will offer a range of scooters and underbone motorcycles across multiple price points, in keeping with its commitment to responsible and sustainable mobility. The company’s entry into Vietnam is its second major global foray in two weeks. Last week, the company announced its entry into Europe, starting with France," added the company's release. Read more 

  • Share Market Today LIVE | Bajaj Auto and TVS Motor hit all-time highs, Hero MotoCorp races to 52-week high after JP Morgan revises targets

    Bajaj Auto and TVS Motor shares hit all-time highs, while Hero MotoCorp hits its sixth 52-week high in nine days as auto stocks showed strong rally on NSE on Thursday (November 23) after brokerage JP Morgan raised targets on two-wheeler stocks.

    Bajaj Auto gains to an all-time high of Rs 5,945; TVS Motor races to its all-time high of Rs 1,784.95 while Hero MotoCorp hits a 52-week high at 3,552.65 on NSE. Read more 

  • Share Market Today LIVE | CDSL crosses milestone of 10 crore demat accounts; depository stock zooms

    Central Depository Services (India) Ltd (CDSL) shares zoom after the depository services provider said it had reached the milestone of more than 10 crore registered demat accounts. CDSL—the only listed depository in the country—said that it became the first depository to register 10-crore demat accounts. 

    Central Depository Services shares are trading with a gain of Rs 61.75, or 3.59 per cent, at Rs 1,780.75 apiece on NSE. Read more

  • Share Market Today LIVE | Cipla, L&T, ICICI Bank among top drags in Nifty 50

    Here's a look at the heatmap in the 50-scrip universe by weight:

    COMMERCIAL BREAK
    SCROLL TO CONTINUE READING

    Source: NSE

  • TCS buyback | IT major to trade ex-date tomorrow

    Tata Consultancy Services (TCS) shares will turn ex-date tomorrow, November 24, for the earlier announced buyback via the tender offer route. The board of directors of TCS approved a proposal to buy back up to 4,09,63,855 equity shares of the company for an aggregate amount not exceeding Rs 17,000 crore, representing 1.12 per cent, of the total paid-up equity share capital, at Rs 4,150 apiece in a meeting held on October 11. Read more 

  • Share Market Today LIVE | Mamaearth parent Honasa Consumer clocks in 20% circuit on Q2 earnings; Jefferies maintains Buy

    Shares of Honasa Consumer, the parent company of personal care brand Mamaearth, that debuted recently, lock in a 20 per cent circuit at Rs 423.75 on NSE after the company posted a good set of numbers for the September quarter on Wednesday. Read more

  • Traders' Diary | Buy, sell or hold strategy on DMart, Jubilant FoodWorks, Coforge, TVS Motor, Apollo Tyres, over a dozen other stocks today

    In this edition of Traders' Diary, the Zee Business research team shares exclusive research on more than a dozen stocks that investors and traders can track on Thursday, November 23. Here's a list of 20 stocks that are on analysts Kushal Gupta and Ashish Chaturvedi's radar.

    COMMERCIAL BREAK
    SCROLL TO CONTINUE READING

    Here's the complete list of investment and trading ideas for the day:

    Ashish Chaturvedi

    • Buy Gujarat State Petronet shares for a target of Rs 281 with a stop loss at Rs 268
    • Sell Can Fin Homes futures for a target of Rs 748 with a stop loss at Rs 778
    • Buy the Rs 5,650 call option of Coforge at Rs 100 for a target of Rs 135 with a stop loss at Rs 80
    • Technical pick: Buy Bajaj Auto shares for a target of Rs 5,930 with a stop loss at Rs 5,700
    • Fundamental pick: Buy TVS Motor shares for a target of Rs 1,785 with a stop loss at Rs 1,710
    • Investment idea: Buy CE Info Systems shares for a one-year target of Rs 2,600. Read more

     

  • Share Market Today LIVE | Nifty near 19,850, Sensex trades 100 pts higher; auto stocks rise

    Nifty 50

    Nifty trades near 19,850, up 0.17 per cent in opening deals.

    COMMERCIAL BREAK
    SCROLL TO CONTINUE READING


    Source: NSE

    Sensex

    Sensex trades 100 points higher, up 0.15 in opening deals.

    Source: BSE

  • Currency Update | Rupee edges up 2 paise to 83.30 against US dollar in opening trade

  • Stocks to Watch | Infosys, Honasa Consumer, RateGain, Tata Steel, Welspun, other stocks

    Here is a list of stocks that will be in focus on Thursday, November 23: 

    COMMERCIAL BREAK
    SCROLL TO CONTINUE READING

    Infosys: The company announced a strategic, long-term collaboration with TK Elevator (TKE), one of the world’s leading urban mobility companies.

    Both companies will work together to transition the operations of all TK Elevator’s business applications across North America and major markets in Europe to Infosys, thereby enabling integrated application management. 

    Honasa Consumer: The parent company of Mamaearth posted its Q2 results on Wednesday after market hours. The company’s consolidated profit increased from Rs 15.19 crore to Rs 29.44 crore on a year-on-year (YoY) basis.

    RateGain Travel and Technologies: Shares of the company will be in focus as its 93,31,259 equity shares raised through Qualified Institutional Placement (QIP) will be admitted for trading on bourses from Thursday, November 23, 2023, as per a BSE circular. Read more

  • Anil Singhvi Market Strategy | Important levels to track in Nifty50, Nifty Bank today

    Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty50 index emerging at 19,730-19,785 levels and a strong buy zone at 19,625-19,700 levels on Thursday, November 23. For the Nifty Bank, he expects support to come in at 43,150-43,225 levels and a strong buy zone at 42,900-43,050 levels.

    Read more on how Anil Singhvi views the Indian share market today and what he recommends

  • Share Market Today LIVE | GIFT Nifty futures indicate a flat start ahead on Dalal Street

    GIFT Nifty futures — an early indicator of the Nifty 50 index — are up 8.4 points or 0.04 per cent at 19,895 ahead of the opening bell on Dalal Street.

  • Good morning! Welcome to Zeebiz.com's blog on the stock market today

    Follow this space to catch minute-by-minute market action, the views of Zee Business Managing Editor Anil Singhvi  and other experts, investment ideas, stock picks, brokerage calls and much more through the day. 

    Happy trading, and happy investing!

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

ZEEBIZ TRENDING STORIES